Planning Bias | Pocket Byte #56
from The Wealth Effect Hosted by Green Moon
Let's talk about the planning fallacy, a deeply hardwired cognitive blind spot that forces everyone from independent creators to multinational corporations to chronically underestimate the time, money, and effort required to hit a goal. We trace the origins of this temporal blindness back to Daniel Kahneman and Amos Tversky's foundational research, exploring how our brains trap us in the inside view while completely ignoring historical reality.
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What this episode covers
Why do our projects constantly run over time and over budget, even when we swear this time will be different?
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